CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With 2024 behind us, we asked: Looking at transactional volumes for this year, would you say that 2024 was better or worse than what you originally expected it to be, and why?
Forgo, Damjanovic & Partners Partner Zoltan Forgo talks about M&A in Hungary in 2025.
Oppenheim and Invicta have advised JRD Energo Group and its co-investors on the sale of JRD’s Hungarian photovoltaic power plant portfolio with a 29.440 kilowatt built-in capacity to the Hungarian subsidiary of Obton. Forgo, Damjanovic & Partners and Havel & Partners advised Obton.
CMS has advised K&H Bank on the refinancing of the solar portfolio consisting of Obton Group PV plants situated on 15 different locations across Hungary, with a total installed DC capacity of 71.107 megawatts. Forgo, Damjanovic & Partners reportedly advised Obton Group.
On November 7, 2024, M&A experts from Austria, Bosnia & Herzegovina, Croatia, Greece, Hungary, Moldova, Romania, and Ukraine participated in a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the FDI screening regimes in their country and key developments in the area on the horizon.
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Forgo, Damjanovic & Partners has advised Wallis Asset Management and Trueway/Finext on the sale of FoxPost to CVC and EMMA Capital. CMS reportedly advised the buyers.
I looked at M&A transactions in the last years using publicly available sources, our own transactions, and information provided by corporate finance advisory partners. I found that in 37% of the cases, purchasers came from Western Europe, in 37% from Hungary (private companies or the Hungarian state), and in 11% from investors in the CEE, while transactions where the purchasers were of US or Asian origin were negligible (US 3%, Asia 4%).
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
On November 21, 2023, corporate/M&A and private equity experts from Bulgaria, Greece, Hungary, Kosovo, Moldova, Romania, Serbia, Slovakia, Turkiye, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the key developments in the field over the past decade.
Forgo, Damjanovic & Partners Managing Partner Zoltan Forgo talks about the evolution of the practice and their role as legal advisors in Hungary over the last 10 years.
The Hungarian renewable energy sector has developed significantly in recent years: the share of electricity from renewable energy sources in gross final electricity consumption was 7.51% in 2017, increasing to 13.9% in 2021. This rapid development was mainly due to the increase in solar power capacity, as the installed capacity of Hungarian solar power plants was around 350 megawatts in 2017, while it exceeded 4000 megawatts in 2022.
In recent years, the major development in Hungary’s banking system is the establishment of the country’s superbank through the merger of Budapest Bank, MKB Bank, and the Takarek Group. DLA Piper Partner Andras Nemescsoi, Forgo Damjanovic & Partners Managing Partner Gabor Damjanovic, and Jalsovszky Law Firm Managing Partner Pal Jalsovszky share insights into the driving forces behind this development, its current status, and its anticipated impact on Hungary’s banking sector.
Contributed by Forgo Damjanovic & Partners
Forgó, Damjanovic & Partners Law Firm is a medium-sized, full-service law firm. The firm has an especially strong track record in the fields of M&A and Private Equity transactions, Dispute Resolution and Employment Law.
Clients include foreign corporations, the Hungarian businesses of multinational companies and medium to large Hungarian businesses. The firm is typically instructed in complex transactions and legal disputes, cases of a cross-border nature, those demanding high-quality English language documentation and/or involving clients who require an international level of service.
Forgó, Damjanovic & Partners’ lawyers are business-minded and combine detailed legal analysis with practical legal advice and solutions.
Although the firm serves clients from many sectors of industry, its lawyers have an especially deep understanding and extensive expertise on which to draw in the energy sector. Forgó, Damjanovic & Partners’ track record includes acting for energy companies, private equity investors, financing banks and energy consultancy firms. They offer a full scale of services in the area of energy law, including:
Firm's website: https://fdlaw.hu/